Question

what rate gives rupees 280 as interest on a sum of rupees 56000 in 2 years​

Answer 1

Answer:

0.25%

280 as interest on a sum of Rs. 56,000 in 2 years? Hence, the rate of interest on sum is 0.25%.

Step-by-step explanation:

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Answer 2

Answer:

We have

P = Rs.56000

T = 2years

SI = Rs.280

we know that,

SI = P × R × T

100

280 = 56000 × R × 2

100

R = 280

2 × 560

R = 0.25%